Comment on Elon Musk on X antisemitism controversy: “Don’t advertise. Go f*** yourself”
SoleInvictus@lemmy.world 11 months agoHe’s a CEO. His job is to guide his company to make money. His actions are actively doing the opposite: he is causing his company to lose money.
While this happens from time to time, a smart, presumably stable CEO reverses course and engages in damage control when this happens. Instead, Musk is doubling down hard, despite knowing full well this is likely to destroy the platform formerly known as Twitter.
Look at it this way. You have an investment banker than handles investing a great deal of your money. You just found out said banker just made a series of awful decisions which caused the investments of several of their other clients to crash. They are unrepentant and refuse to take responsibility, instead telling those involved to go fuck themselves.
Would you want that person to continue to handle your money?
crashfrog@lemm.ee 11 months ago
At Twitter? Sure, but so were the previous guy’s. It’s not actually clear that a social media company can generate revenue at all.
I agree it seems pretty unlikely that Musk is going to turn it around but that’s because the outcome is probably impossible - it’s not possible for Twitter to make money.
Tesla and SpaceX, his other companies, are making money. If you’re on the board of those then there’s no reason to wonder if Musk is causing the company to lose money because you can just look at revenues and see that he’s not.
SoleInvictus@lemmy.world 11 months ago
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be_excellent_to_each_other@kbin.social 11 months ago
https://menafn.com/1107514727/Teslas-Musk-Says-Fallout-From-Sweden-Strike-Insane